Falcon Swap Project Review

Introduction

Digital currency exchanges play an important role in the digital currency market and are considered synonymous with real-world exchanges in the blockchain world. The most popular exchanges we know of are highly centralized, despite the decentralized nature of digital currencies. Centralized systems have access to users' assets and can be involved in the transaction process and block any user account they wish. Well, the solution to these problems is decentralized exchange. Decentralized exchanges are the opposite of centralized exchanges. Recently, with the importance of the cryptocurrency market, the development and creation of decentralized exchanges has also flourished. In this article, we are going to look at several other projects in the crypto market, which is based on the Falcon Swap digital currency platform and is a decentralized trading platform. Stay tuned to the end of this article to learn more about this new platform Let's get acquainted with how it works.

Decentralized Exchange

Decentralized Exchange (DEX) is a peer-to-peer (P2P) online service that allows direct transactions between two users without any intermediaries. These types of exchanges are built on the Chinese blockchain network and allow traders to freely store or trade their digital currencies. Atrium and Bainance Smart China are the most popular blockchains for decentralized exchanges among developers, however, exchanges have also been set up on other blockchains such as Matic or PolkaDot.

Falcon Swap

Falcon Swap is a decentralized AMM + NFT Exchange for new projects developed on the Binance smart chain. Thus, all transactions in this platform are done on the basis of smart contracts and as a user-to-user or peer-to-peer (Peer to Peer). Using the features of Binance Smart Chain, all transactions are done in a decentralized, secure manner without the presence of a server and a central controller. A smart contract is a contract coded on a blockchain platform that, if all its provisions are created, will be executed definitively and cannot be returned or stopped.

"One of the goals of Falcon Swap is to provide a more business-friendly business experience and better project support to cryptocurrencies."

Falcon Swap also provides an opportunity for traders to identify new and potential projects sooner, so that users can become "rock stars" through transactions, the farming process, equity, and more.

In Falcon Swap, tokens can be swapped or swapped at high speed, no need to register or open an account. As mentioned, Falcon Swap runs on the Binance Smart Chain, which is a blockchain with much lower transaction costs than Atrium and Bitcoin, thus trading at very low fees.

Unlike centralized exchanges, which hold users 'assets, Falcon Swap does not hold users' funds. In fact, traders know 100% of their assets and are able to trade directly. In general, transactions are provided to users without intermediaries and completely anonymously.

“Falcon Swap allows users to make a cryptocurrency transaction without registering and authenticating and only by connecting users to their wallet, and there is no need to transfer assets to an exchange wallet. So, there is no news of an account being hacked, which we have seen many times in the history of digital currencies.”

The exchange method in Falcon Swap platform is as follows; After connecting his wallet to Falcon Swap, the user registers his purchase or sale order, and after registering an order from another user, which matches his order; The transaction is done in a smart contract without the need for an intermediary.

“Other features of the Falcon Swap platform include fun activities, resource connectivity, a user-friendly interface, and more.”

Passive income from the Falcon Swap ecosystem

Falcon Swap provides users with the opportunity to earn passive high-interest revenue in the ecosystem. The following are the methods provided on this platform:

-Reward payment for each Token Swap: For each Swap in the Falcon Swap ecosystem, FALCON users are paid as a reward.

-Yield Farming: Users can make a profit as a Liquidity Provider in Falcon Swap. By receiving rewards by providing Liquidity Pools liquidity. LPs are rewarded at FALCON.

-Staking: By stacking FALCON you can make a profit.

-Trading Fees: Liquidity Provider can receive part of Trading Fees as a pad by stacking their tokens in Liquidity Pools.

-Growth Fund: In order to maintain the integrity and stability of the ecosystem, 0.05% of the per-trading is spent on weekly purchases of FALCONs. It should be noted that the mentioned tokens are paid as a reward to the winning projects.

“Falcon Swap is a decentralized exchange based on the AMM model or automated market maker that operates on the Binance smart grid. In this exchange, you can trade BEP-20 tokens.”

Other features of the Falcon project

? Security and privacy: All transactions in the Falcon Swap ecosystem are done with user privacy.

Reduce gas costs by aggregating orders: To reduce gas costs, employees can aggregate multiple orders together and make a single transaction.

? Maintaining the stability of the liquidity pool using Layer 2 technologies: In order to prevent the slip of liquidity pool assets, compliance with Layer 2 in the Falcon ecosystem is intended.

Network Governance: Voting and influencing internal decisions of the Falcon ecosystem can be done using the platform's native token (FALCON).

Take advantage of Falcon ecosystem features for native network token holders: FALCON holders can access all of Falcon ecosystem features, as well as the benefits it offers (such as earning money, receiving discounts on platform transactions, and mining tokens). Use.

FALCON Token

FALCON is a native token of the Falcon Swap platform. This token is based on the BEP-20 standard and is provided on the Balance blockchain. FALCON was developed as a utility token. Used to perform all transactions, platform management, platform consolidation, inactive revenue, voting and other services provided in the ecosystem. The following are the general specifications of this token:

- Token Name: FalconSwaps Token

- Token Ticker: FALCONS

- Total token supply: 1,000,000,000

- Token Smart Contract: 0xF3e63fbb0DcD8E46bc134139571793cA964d7307

Falcon Swap Team

There is no specific information about the project team on the project website and white paper, but considering the explanations provided about the main idea and features of the project, the project team should be composed of experienced people in the field of blockchain, digital currencies and cryptocurrency market.

Falcon Swap Roadmap

Roadmap project details are provided in the image below:

utomated liquidity supply has boosted the DeFi space and created many new investment opportunities. Meanwhile, the presence of new decentralized exchanges with more features and services, not only facilitates the use of DeFi space for users, but can also help the development of this emerging industry. Falcon Swap is a decentralized AMM + NFT Exchange in the Bainance smart chain for interest farming and sticking. Adding a DeFi dApp to BSC is a key step for this network, as it allows users to join DeFi without incurring huge Ethereum network fees. What is clear is that DeFi continues to grow in Ethereum and BSC, and Falcon Swap is making a name for itself in the field.

“This article is by no means a recommendation to invest in a project and is merely a review of the project.”

Official Resources:

Website: https://falconswaps.com/

Twitter: https://twitter.com/falconswaps

Telegram: https://t.me/falconsofficial

Medium: https://medium.com/@falconswaps

Instagram: https://www.instagram.com/falconswaps/

Facebook: https://www.facebook.com/falconswaps

Author

Bitcointalk username: Hommai